How Does Ransomware Affect Small Business?

Recovery expenses caused by ransomware attacks on small businesses cause detrimental, unexpected overhead costs. This kind of attack heightened as remote working and online payment methods increased since 2020. In other words, as our workforce continues to stay home, over 20% of small businesses have seen a ransomware attack. Inside that statistic, recovery costs have reached as much as $2 million dollars per business to recover from ransomware attacks on small businesses. It won’t get better anytime soon either. Our featured article says three out of four small businesses will fall victim to a ransomware attack in the next five years.

Don’t want to fall victim to a ransomware attack? Michael Guta from Small Business Trends has some great advice on how to protect your business from these devastating attacks. Check out what he has to say at

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